Question: Table A: GDP Country X: 2000 Price Quantity Table B: GDP Country X: 2020 Cars $20,000 9 Restaurant Meals $20 10,000 Cars $24,000 Restaurant

Table A: GDP Country X: 2000 Price Quantity Table B: GDP Country X: 2020 Cars $20,000 9 Restaurant Meals $20 10,000 Cars $24,000 Restaurant Meals Price $50 Quantity 20 6,000 You are interested in calculating the change the price changes from 2000 to 2020 a. Calculate the Laspeyres Price Index (from 2000 to 2020) b. Calculate the Paasche Price Index (from 2000 to 2020) o. Calculate the Fisher Price Index (from 2000 to 2020) d. Is the Laspeyres Price Index likely to overstate or usierstate inflation? Please explain.

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